The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
by: Benjamin Graham, Jason Zweig
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Amazon.com Review:
Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management.
The hallmark of Graham's philosophy is not profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. He provides, "in a form suitable for the laymen, guidance in adoption and execution of an investment policy" (1). This policy is inherently for the longer term and requires a commitment of effort. Where the speculator follows market trends, the investor uses discipline, research, and his analytical ability to make unpopular but sound investments in bargains relative to current asset value. Graham coaches the investor to develop a rational plan for buying stocks and bonds, and he argues that this plan must be a bulwark against emotional behavior that will always be tempting during abrupt bull and bear markets.
Since it was first published in 1949, Graham's investment guide has sold over a million copies and has been praised by such luminaries as Warren E. Buffet as "the best book on investing ever written." These accolades are well deserved. In its new form--with commentary on each chapter and extensive footnotes prepared by senior Money editor, Jason Zweig--the classic is now updated in light of changes in investment vehicles and market activities since 1972. What remains is a better book. Graham's sage advice, analytical guides, and cautionary tales are still valid for the contemporary investor, and Zweig's commentaries demonstrate the relevance of Graham's principles in light of 1990s and early twenty-first century market trends. --Patrick O'Kelley
Product Description:
More than one million hardcovers sold
Now available for the first time in paperback!
The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.
Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management.
The hallmark of Graham's philosophy is not profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. He provides, "in a form suitable for the laymen, guidance in adoption and execution of an investment policy" (1). This policy is inherently for the longer term and requires a commitment of effort. Where the speculator follows market trends, the investor uses discipline, research, and his analytical ability to make unpopular but sound investments in bargains relative to current asset value. Graham coaches the investor to develop a rational plan for buying stocks and bonds, and he argues that this plan must be a bulwark against emotional behavior that will always be tempting during abrupt bull and bear markets.
Since it was first published in 1949, Graham's investment guide has sold over a million copies and has been praised by such luminaries as Warren E. Buffet as "the best book on investing ever written." These accolades are well deserved. In its new form--with commentary on each chapter and extensive footnotes prepared by senior Money editor, Jason Zweig--the classic is now updated in light of changes in investment vehicles and market activities since 1972. What remains is a better book. Graham's sage advice, analytical guides, and cautionary tales are still valid for the contemporary investor, and Zweig's commentaries demonstrate the relevance of Graham's principles in light of 1990s and early twenty-first century market trends. --Patrick O'Kelley
Product Description:
More than one million hardcovers sold
Now available for the first time in paperback!
The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.
Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
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Customer Reviews
Average Rating:
Rating: 
- Rosetta Stone for Investors
I am a computer programmer and was looking for a book to help me start investing and I read the Intelligent Investor early last year. I'm delighted to say, this book has provided a great amount of illumination on money & investing(and even outside the world of finance). I firmly believe that this book will help other lay investors to get started.
I found five mental constructs from this book particularly enlightening-
1. Draws clear distinction between investment and speculation: ... Read More
Rating: 
- Excellent Investment Book
The book that Warren Buffett considers the bible of investing is well worth the read.
The investment approach laid out by Benjamin Graham is a no-nonsense long term value investing strategy. Markets are not as efficient as Malkiel would suggest and there are opportunities out there for investors who do their research and manage their risk properly. The author cautions that our own emotions can be our worst enemy and must be strictly managed and rails against speculators who take too much risk ... Read More
Rating: - Difficult To Follow, Great Advice
This book is difficult to read without a working knowledge of investment however the advice is solid for new investors and remains a valid reminder for more experienced investors as well.Grahm's work is really the foundation of modern investment schools of thought.
His approach is a simple one of picking solid companies that will not vanish in the next few years automating the investment portfolio to remove the greatest weakness in any investment plan: your own emotions.
Central ... Read More
Rating: - Best Investing Book I've Ever Read---Hands Down
Just finished Intelligent Investor and am starting on his Security Analysis. I.I. is not the easiest read (find a quiet room, have a notepad and paper, and read 1 or 2 chapters a night), but its insight is breathaking--particularly with the financial chaos (and volatility) of recent months. I've long been a fan of Warren Buffet and a Value Investor, and decided to read this book after reading of its influence on his style. If you have any desire to "run your own money" and self-direct your investments, you ... Read More
Rating: - The Intelligent Investor
Item arrived in good condition. Have not had the time to read it but it is highly recommended.
- Rosetta Stone for InvestorsI am a computer programmer and was looking for a book to help me start investing and I read the Intelligent Investor early last year. I'm delighted to say, this book has provided a great amount of illumination on money & investing(and even outside the world of finance). I firmly believe that this book will help other lay investors to get started.
I found five mental constructs from this book particularly enlightening-
1. Draws clear distinction between investment and speculation: ... Read More
- Excellent Investment BookThe book that Warren Buffett considers the bible of investing is well worth the read.
The investment approach laid out by Benjamin Graham is a no-nonsense long term value investing strategy. Markets are not as efficient as Malkiel would suggest and there are opportunities out there for investors who do their research and manage their risk properly. The author cautions that our own emotions can be our worst enemy and must be strictly managed and rails against speculators who take too much risk ... Read More
- Difficult To Follow, Great AdviceThis book is difficult to read without a working knowledge of investment however the advice is solid for new investors and remains a valid reminder for more experienced investors as well.Grahm's work is really the foundation of modern investment schools of thought.
His approach is a simple one of picking solid companies that will not vanish in the next few years automating the investment portfolio to remove the greatest weakness in any investment plan: your own emotions.
Central ... Read More
- Best Investing Book I've Ever Read---Hands DownJust finished Intelligent Investor and am starting on his Security Analysis. I.I. is not the easiest read (find a quiet room, have a notepad and paper, and read 1 or 2 chapters a night), but its insight is breathaking--particularly with the financial chaos (and volatility) of recent months. I've long been a fan of Warren Buffet and a Value Investor, and decided to read this book after reading of its influence on his style. If you have any desire to "run your own money" and self-direct your investments, you ... Read More
- The Intelligent InvestorItem arrived in good condition. Have not had the time to read it but it is highly recommended.
